Karibu.

The repayment rate and period of years is dependent on the ISA calculation which requires data on total tuition amount and expected salary income. They vary from cohort to cohort and also depend on the type of course. length of study and cost of education amongst others. The repayment period will not exceed 10 years.

All amounts are remitted to the Partner Education Institution including the exams administered by national examination bodies such as KNEC and NITA. The Partner Education Institution is responsible for allocating the amounts needed by each student in a particular cohort.

We encourage you to bring two guardians as they will help to increase your chances of becoming a Chancen member. However, in special cases, Chancen allows one guardian as long as he or she is a primary guardian; either your mother, father, brother or sister.

To become a Chancen member you will need to have your national ID, your passport photo, two guardians, the two guardians’ passport photo, a CRB (Credit Reference Bureau) score of above 550, and an admission letter to one of our partner education institutions.

No. It simply tells us what you’d like to study so we can notify you when relevant courses and funding windows open.

With the regular ISA, the maximum percentage of your net income that you will share is 20%. The flat rate is fixed for a set period of time.

Depending on the type of ISA, you will repay a reduced fixed amount that goes towards reducing your balance. Once you secure employment, you begin repaying through the ISA. We also support you with career readiness and employer connections to increase your employment prospects.

No, the student does not necessarily repay the exact amount funded and no, there is no interest charged on the principal amount. The ISA funding is structured differently to a loan. Instead of paying interest on the principal amount, the students pay a fixed percentage of their net income or a flat rate over a defined repayment period. For low-earners or those that are unemployed, this may mean that they repay less than the exact amount funded. For high-earners, this means they may repay more than the exact amount funded but with limits on repayment amounts.

Depending on the type of ISA, you will either pay a percentage of your income for a set period, or a fixed amount that is based on your industry and job prospects. You will never pay more than the capped amount.

We finance different programmes at our Kenyan partner institutions across technology, healthcare, hospitality and skill-based training courses. Register your interest to hear more about the courses or reach out through the contacts provided.